Microfinance News Digest

3i Infotech joins SBI to launch Kiosk Banking for rural India

Bangalore: 3i Infotech Foundation (3i Infotech) has joined hands with the State Bank of India (SBI) to provide ‘Kiosk Banking’ facilities to the rural citizens of India. 3i Infotech is a National Business Correspondent for SBI, and shall leverage the I-SERV stores across rural India to provide banking services to the hitherto unbanked population of the country. These services include opening of accounts, cash transactions, deposits (Fixed and Recurring Deposits) and loans (Crop, Home, Automobiles, Business,etc.).

The tie-up, which will provide SBI access to over 6,000 villages in Tamil Nadu alone through more than 2,000 I-SERV stores of 3i Infotech (apart from various other states where it will be gradually rolled out) over a course of time, will go a long way in achieving the goal of financial inclusion in the country, especially in rural India.

Read the rest on Siliconindia.com

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